Casa Development Inc Past Experience Has Indicated That 80% of Sales Each Month

Casa Development Inc. has budgeted sales revenues as follows: $$\begin{array} { l c } & \text { Budgeted Sales Revenues } \\\text { January } & \$ 55,000 \\\text { February } & 75,000 \\\text { March } & 90,000 \\\text { April } & 80,000 \\\text { May } & 60,000 \\\text { June } & 35,000\end{array}$$ Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale 30% in the month following the sale and 5% in the second month following the sale. The other 5% is uncollectible.
Instructions
Prepare a schedule which shows expected cash receipts from sales for the months of April May and June.